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BUSINESS
May 15, 2008 | Roger Vincent, Times Staff Writer
Los Angeles real estate firm CB Richard Ellis Investors said Wednesday that it had closed a $2.1-billion investment fund it will use to buy properties across the country. The money raised from institutional investors in the U.S., Europe and the Middle East can be leveraged to buy about $6.4 billion worth of commercial real estate, the company said. Through the fund, CB Richard Ellis Investors will buy office, apartment, industrial and retail properties in two categories, the company said.
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CALIFORNIA | LOCAL
March 29, 2008 | Christian Berthelsen, Times Staff Writer
Orange County Supervisor Chris Norby, who earlier this month admitted using political contributions to pay for a hotel stay during a spat with his wife, spent nearly $8,000 from his campaign account in the last months of 2007 on unexplained charges, campaign finance records show.
CALIFORNIA | LOCAL
March 26, 2008 | Jean-Paul Renaud, Times Staff Writer
Los Angeles City Councilman Bernard C. Parks raised nearly twice as much money as state Sen. Mark Ridley-Thomas in their heated contest for a seat on the county Board of Supervisors, campaign finance reports posted on Tuesday show. Parks collected more than $300,000 between Jan. 1 and March 17 for his effort to replace retiring Supervisor Yvonne B. Burke. That brings his total to nearly $600,000.
NATIONAL
February 4, 2008 | Dan Morain, Times Staff Writer
California was by far the Democratic presidential candidates' most lucrative source of campaign money in 2007, accounting for more than 1 in 5 of the millions of dollars they raised, campaign finance reports show. But while Democrats found riches in the Golden State, the Republican candidates raised about 10% of their money here, Federal Election Commission records show. "Think of it as the politics of hunger," said Dan Schnur, a Republican strategist unaffiliated with any candidate.
CALIFORNIA | LOCAL
May 11, 2007 | From Times Staff and Wire Reports
Councilwoman Wendy Greuel filed papers Thursday to raise money to run for city controller in March 2009. Incumbent Controller Laura Chick will be forced from office by term limits that year. Greuel won reelection to the council in March and, if she wins in 2009, would leave her current post halfway through her term. "I'm running for city controller because I think I have a strong record as a fiscal watchdog, and this is just an extension of what my efforts have been in my district," Greuel
NATIONAL
April 15, 2007 | Chuck Neubauer and Robin Fields, Times Staff Writers
On a sun-dappled October afternoon, Ray Jinnah stood beside his Bel-Air swimming pool to address 60 guests gathered for his latest fundraiser, a 2004 affair for New York Sen. Hillary Rodham Clinton. Los Angeles Mayor James K. Hahn was there, along with then-City Council President Alex Padilla. Both had received backing from Jinnah, a Pakistani businessman positioning himself as a player in Democratic fundraising and an organizer of support for Pakistan on Capitol Hill.
WORLD
March 5, 2007 | Mark Magnier, Times Staff Writer
China on Sunday announced a 17.8% jump in military spending for 2007, its largest in a decade, less than two months after a controversial antisatellite missile test sent shockwaves through foreign capitals. The increase also comes after repeated Bush administration criticism that Beijing has not been forthcoming in explaining such funding hikes or its long-term military objectives.
NATIONAL
January 14, 2007 | Noam N. Levey, Times Staff Writer
Emboldened by President Bush's deeply unpopular proposal to send more troops to Iraq, congressional Democrats are shedding their wariness about tackling the war and embracing positions once primarily held by the party's most liberal fringe. Less than two weeks after taking power, party leaders who had promised just an increase in oversight hearings on the war are now talking openly about cutting off funds for additional military operations.
CALIFORNIA | LOCAL
November 17, 2006 | Howard Blume, Times Staff Writer
It is a dream come true for any politician: a committee that can raise unlimited money and spend it on almost any political or policy-related purpose. And that's exactly what Mayor Antonio Villaraigosa has enjoyed with his Committee on Excellence and Accountability, a fundraising vehicle he used to win authority over the Los Angeles Unified School District. But attorneys for the school system say the committee has been operating illegally.
CALIFORNIA | LOCAL
February 22, 2006 | Steve Hymon, Times Staff Writer
If Martin Ludlow had received improper financial assistance from an ordinary individual or business as part of his 2003 City Council campaign, he likely would have faced a hefty fine under local law and a few rough stories in the newspaper. Life would have pretty much gone on -- as it has for some other members of the council.
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